Tag Archives: Hacked

Indodax, a leading cryptocurrency exchange based in Indonesia, has been hit by a significant security breach, leading to losses estimated at approximately $15.7 million. PeckShield, a cybersecurity firm, first identified the exploit that saw significant cryptocurrency movements from Indodax’s wallets. The breach affected roughly $15.7 million in digital assets, including large quantities of Ethereum and other tokens. Another security firm, Cyvers Alerts, confirmed the suspicious activity. It...

The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) released its cryptocurrency fraud report 2023, revealing that Americans lost an astonishing $5.6 billion due to crypto-related scams. This is an increase of 45% compared to the previous year. The report reveals that a tenth of all complaints reported to the FBI involved cryptocurrency-related scams. However, as highlighted above, these complaints contributed to nearly half of the overall losses. This has brought out...

The individual behind 2023’s $195 million Euler Finance hack appreciated the Penpie hacker for steadfastly funneling funds via Tornado Cash and showing no indication of returning the proceeds. A hacker whose efforts led to the recent $27 million Penpie protocol attack received a compliment from another hacker in the spotlight last year for exploiting Euler Finance. The Penpie hacker hit the protocol on September 3, making away with their illicit proceeds. They funneled about $7 million of...

An MEV bot conducted 14 transactions in a single block to launch a sandwich attack on an unsuspecting user to only net $20 in profits. A Maximum Extractable Value (MEV) bot found an opportune moment to execute a $12 million flash loan to conduct a sandwich attack on an unsuspecting user. However, the ordeal only netted it a meager $20 in profits after gas fees through the flash loan exploit. The incident offered comic relief to many in the crypto community during a period when high-profile...

The FBI has warned about North Korean hackers targeting employees of cryptocurrency and decentralized finance (DeFi) companies. In a public service announcement (PSA) released on Tuesday, the FBI detailed how these state-sponsored attackers use advanced social engineering tactics to infiltrate organizations and steal cryptocurrency. Recognizing this danger is crucial, as the FBI stated that North Korean actors utilize diverse approaches targeting particular DeFi and cryptocurrency...

The hacker stole $27 million from Penpie as the project’s developer acted swiftly to prevent at least another $105 million from being lost. A hacker plundered $27 million from DeFi protocol Penpie and funneled $7 million through crypto mixer Tornado Cash in less than 12 hours. The hack occurred on September 3. Blockchain security firm Cyvers alerted Penpie and the community of the hack on September 3. “Hey @Penpiexyz_io, Our system has raised multiple suspicious transaction(s) involving your...

The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...

August marked a worrying time for the industry as cybercriminals ransacked hundreds of millions of dollars. With the number of hacks and scams rising tremendously this year, August marked another bad month in terms of the amounts lost to cybercriminals. August witnessed about $313 million scammed from crypto holders and platforms. Blockchain security firm PeckShield shone a light on this, stating, “August 2024 witnessed 10+ hacks in the crypto space, resulting in ~$313.86 million in losses....

Attackers could have minted up to 35 million USDC on the Noble Bridge if Asymmetric Research had not found the flaws. Asymmetric Research, a blockchain cybersecurity firm, helped Circle identify a bug that could have led to massive losses if not addressed. It existed in Circle’s Cross-Chain Transfer Protocol (CCTP) deployed on the Cosmos network, which allows the firm’s USDC stablecoin to be bridged. Specifically, Asymmetric found the vulnerability in the noble-cctp module of the CCTP. “We...

WazirX said it would take at least six months for the restructuring to occur, after which its users would receive their deposits. The exchange maintains that this approach is the best route for all parties involved. Indian exchange WazirX filed for a moratorium in the Singapore High Court on August 27 under its parent company, Zettai Pte, registered in the city nation. The move comes as the exchange restructures its liabilities under the Singapore Scheme of Agreement after having over $230...